Finance

Shinhan Bank target-conversion fund sales top 1 trillion won

Shinhan Bank said cumulative sales of its target-conversion funds exceeded 1 trillion won this year. The products switch to bond investments once target returns are reached. The bank launched 13 products and achieved 1.11 trillion won in sales by Dec. 1. It said a campaign to boost domestic stock investment supported demand as Korea equity fund sales passed 2 trillion won. The bank plans to keep strengthening post-sale management and asset management services.

Telecommunications & Media

Lawmakers say secondary damage seen in Coupang data leak

A lawmaker at a science and ICT committee hearing said secondary damage has already occurred in the Coupang personal data leak and criticised the company for minimising the incident. He pointed to user reports of unknown logins, overseas phishing calls and failures to manage access keys and authentication tokens. He also questioned Coupang’s use of the term “exposure”, raised concerns about technical and institutional weaknesses, and pressed for stronger penalties and legal reforms.